Sprint Backtested Returns
We consider Sprint unusually risky. Sprint
owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0186 which indicates Sprint
had 0.0186% of return per unit of risk over the last 1 month. Our philosophy towards measuring volatility of a stock is to use all available market data together with company specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for Sprint Corporation which you can use to evaluate future volatility of the company. Please validate Sprint Coefficient Of Variation
of (910.15) and Risk Adjusted Performance of (0.033568) to confirm if risk estimate we provide are consistent with the epected return of 0.068%. Sprint has performance score of 1 on a scale of 0 to 100. The entity has beta of -0.8465 which indicates as returns on market increase, returns on owning Sprint are expected to decrease at a much smaller rate. During bear market, Sprint is likely to outperform the market.. Although it is extremely important to respect Sprint current price movements, it is better to be realistic regarding the information on equity historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting Sprint technical indicators you can presently evaluate if the expected return of 0.068% will be sustainable into the future. Sprint right now has a risk of 3.6574%. Please validate Sprint Information Ratio and Downside Variance to decide if Sprint will be following its existing price patterns.
|15 days auto-correlation|| 0.00 |
No correlation between past and present
Sprint Corporation has no correlation between past and present. Overlapping area represents the amount of predictability between Sprint time series from October 22, 2017 to November 6, 2017 and November 6, 2017 to November 21, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sprint price movement. The serial correlation of 0.0 indicates that just 0.0% of current Sprint price fluctuation can be explain by its past prices.
|Average Price|| 6.21|
|Lagged Average Price|| 6.21|
Sprint Lagged Returns